Australia's Nickel Industries falls as dry weather halts Indonesian plant ramp-up
15/09/2026 06:45
BUZZ-Australia's Nickel Industries falls as dry weather halts Indonesian plant ramp-up ** Shares of Australia's Nickel Industries NIC.AX fall as much as 2.5% to A$0.775, their lowest level since July 30
** Nickel producer says dry weather in Indonesia has disrupted the ramp-up of its Excelsior Nickel Cobalt processing plant, limiting operations due to water shortages
** Co adds the plant could operate at about 30% of nameplate capacity until water availability improves
** NIC expects conditions to improve with the onset of the wet season, which it currently expects by December
** YTD, stock down 7.2%, including the day's moves
(Reporting by Paridhi Minda in Bengaluru)
Recent news on Nickel Industries
See all newsMetals: Copper rebounds as inventories, stock markets stabilise
Metals: Nickel retreats as traders await clarity on potential coordinated output cuts
Metals: Nickel retreats as traders await clarity on potential coordinated output cuts
Nickel Industries says Indonesia cuts coming as Chinese producers weigh steep reductions (updated)
Australia's Nickel Industries gains on strong quarterly ore sales, production